{"data":{"id":"us-mi/mich.-comp.-laws-700.1508","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.1508","heading":"Investment costs.","body":"Sec. 1508.\n\nIn investing and managing fiduciary assets, a fiduciary may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the fiduciary estate, and the skills of the fiduciary.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-1508","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4fee125ade757eaa489854484e204de41f6ed4c4173076dbf6f208242011d5e6","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.1507","next":"us-mi/mich.-comp.-laws-700.1509"},"notice":"GroundRules: Original legal text. Not legal advice."}